New York Correlations
| NYMTZ Preferred Stock | USD 19.85 0.05 0.25% |
The current 90-days correlation between New York Mortgage and New York Mortgage is 0.04 (i.e., Significant diversification). The correlation of New York is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
New York Correlation With Market
Good diversification
The correlation between New York Mortgage and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New York Mortgage and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to New York could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New York when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New York - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New York Mortgage to buy it.
Moving together with New Preferred Stock
| 0.76 | MITT-PA | AG Mortgage Investment | PairCorr |
| 0.67 | MITT-PB | AG Mortgage Investment | PairCorr |
| 0.64 | TRTX-PC | TPG RE Finance | PairCorr |
| 0.69 | RC-PC | Ready Capital | PairCorr |
| 0.77 | RC-PE | Ready Capital | PairCorr |
| 0.77 | ABR-PE | Arbor Realty Trust | PairCorr |
| 0.71 | ABR-PD | Arbor Realty Trust | PairCorr |
| 0.68 | NYMTN | New York Mortgage | PairCorr |
| 0.71 | TWO-PB | Two Harbors Investment | PairCorr |
| 0.7 | TWO-PA | Two Harbors Investment | PairCorr |
| 0.82 | MFA-PB | MFA Financial | PairCorr |
Moving against New Preferred Stock
Related Correlations Analysis
| 0.95 | 0.48 | 0.32 | 0.62 | NYMTL | ||
| 0.95 | 0.51 | 0.27 | 0.68 | NYMTM | ||
| 0.48 | 0.51 | 0.66 | 0.9 | NYMTN | ||
| 0.32 | 0.27 | 0.66 | 0.54 | PMT-PC | ||
| 0.62 | 0.68 | 0.9 | 0.54 | ARR-PC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between New Preferred Stock performing well and New York Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze New York's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NYMTL | 0.49 | 0.13 | 0.06 | 0.75 | 0.37 | 1.21 | 3.36 | |||
| NYMTM | 0.29 | 0.07 | (0.13) | 1.73 | 0.00 | 0.89 | 1.83 | |||
| NYMTN | 0.40 | 0.05 | (0.14) | (0.86) | 0.41 | 0.86 | 3.74 | |||
| PMT-PC | 0.63 | 0.03 | (0.06) | 0.27 | 0.76 | 1.28 | 3.68 | |||
| ARR-PC | 0.49 | 0.05 | (0.08) | (1.76) | 0.73 | 1.00 | 3.96 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in New York without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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New York Corporate Management
| Steven CPA | Ex Chairman | Profile | |
| Jason Serrano | CEO Pres | Profile | |
| Nathan Reese | COO Sec | Profile | |
| Steven Brannan | Managing Director | Profile | |
| Stephen Hogue | Managing Director | Profile | |
| CPA Eng | CFO Officer | Profile | |
| Nicholas Mah | Managing Director | Profile |